Americans are no strangers to borrowing money. According to a recent report, 51.3% of Americans take out a personal loan. Moreover, they don’t just take out personal loans for medical bills and debt consolidation; demand for mortgages and auto loans is also rising.
According to a survey from January 2021, the main reason why Americans take out a personal loan is to consolidate their debt. Next, Americans also took out loans to start a business or pay for large medical expenses.
In 2019, the average FICO score in the United States was 706, up from 686 in 2009. This statistic demonstrates awareness of good lending practices and America’s love for loans. So, it is not surprising that the lending market is emerging. There are more lenders than ever before, including banks, online lending platforms, direct lenders, and peer-to-peer lenders.
The rise of lending has also led to the birth of online lending platforms such as GetCash.com. These platforms provide security and convenience that physical lending companies cannot offer. For example, with GetCash, you can reach multiple lenders in just one form and get money quickly, so you don’t have to face a lot of rejection, especially if your credit score is low.
GetCash.com started in 2020 with a mission to help borrowers and lenders connect quickly. GetCash is not a lender, but it is there to help you find verified lenders who work with people with different credit scores.
With a loan request form, you can access a network of lenders dedicated to helping borrowers get the cash they need. Everything is also done online-the approval process, reviewing loan terms, and signing documents.
Why Choose GetCash?
Aside from ease of use, GetCash has several key advantages when it comes to service quality.
The benefit we want to highlight to using GetCash is how quickly you can get the cash you need. First, you can find lenders immediately after filling out the form. With the loan approval, you can also get your money the next business day. However, it is highly dependent on the terms and conditions of each lender.
GetCash.com has changed the way we process loans. Gone are the days of having to personally go to banks or other lending companies and fill out many forms. Now, at GetCash.com, you simply fill out an online form, and the site will manage to forward your request to its lending partners.
Many threats are present in cyberspace today. It is natural for anyone to worry about the security of their information when conducting online transactions. However, the team at GetCash.com takes privacy and safety very seriously. That’s why it uses 256-bit encryption to keep your information safe.
Who Qualifies for a Loan?
The process of getting a loan through GetCash.com is quite easy. You need the following requirements to qualify:
- Be at least 18 years old
- Have a social security number
- Have a valid and government-issued ID
- Have bank account information in your name
- Have a legitimate source of income (employment, allowance, social benefits, disability benefits, or other type of regular income)
Some lenders may ask you to show ownership of the residence or proof of residence if you are self-employed. It is noteworthy that you do not have to be a US resident to get a loan.
What is the Process of Getting a Loan
GetCash.com streamlines the loan acquisition process to make it easier for borrowers to get the money they need. Moreover, you can get a loan for as little as $ 100 and as much as $ 5,000. Of course, it still depends on what lender program you qualify for and what your credit score is.
The simple process of getting a loan includes:
1. Fill out the online loan request form with approximately 30 personal questions.
2. Go to the lender page, where you can check the terms and conditions of the offer.
3. Click “Accept” if the loan terms agree with you. If they don’t, you can start over in step 1.
We should note that GetCash is free for borrowers. With consumer satisfaction in mind, GetCash never obliges you to accept the lender’s loan offer if you are not fully satisfied with the terms and conditions.
You can pay off your debt manually or use ACH transfers that automatically debit payments from your bank account. The latter option is preferred because it reduces the likelihood of getting caught up in bills when you forget to repay the loan.
Loan consolidation allows borrowers to consolidate small loans with high interest into larger loans with lower interest. This is especially useful if you need another loan while paying off the current and your credit history has improved. Thanks to loan consolidation, you can get easier control over your regular payments and reduce costs.
The availability of this offer depends on state laws, so be sure to ask about the policies around it before you accept a loan offer.
Types of Loans Provided by GetCash
At GetCash.com, there are loans available for almost any financial need: medical emergency loans, marriage loans, and emergency eviction loans, among others.
Now, take a look at the types of loans you can get through GetCash.com.
GetCash.com offers a wide variety of loans to create flexible solutions
A collateral loan is a type of loan where the borrower agrees to use the asset as collateral for the loan. This type of loan is beneficial for borrowers who may not qualify for a traditional loan. The downside is that the lender can hold the collateral and sell it to recoup their losses if you are unable to make the payments. GetCash also provides collateral loans – car or car title loans are there for you to take advantage of.
Non-Collateral or Unsecured Loan
Also called “personal loans,” this type does not require collateral. Funds are generally more quickly accessible, and borrowers with high credit scores typically get better rates and larger amounts. Conversely, those with bad credit scores may have low borrowing limits.
Unsecured or personal loans are divided into three types:
This unsecured loan is short -term, usually repaid within two weeks. Approval can be quick, and even those with bad credit scores are welcome. With this loan, you can borrow anything from $ 100 to $ 1,000.
Getting an installment loan will also not be difficult. With this type of loan, you can borrow anywhere from $ 1,000 to $ 5,000, and the interest rates are not as high as those with payday loans, so it’s perfect for people with good credit scores.
If you are like many people, you probably have a few things in your life that you can use for extra money. Whether it’s an emergency, a big ticket item you want, or some extra spending money, GetCash can help you get the cash you need fast.
Even if you have bad credit, GetCash can help you get the cash you need quickly and easily. The best part is finding the lender in just a few minutes and getting the money you need right away the next business day!
So, why wait? Get started now with GetCash.com!
John is a financial analyst but also a person with diverse interests. She enjoys writing about money and giving financial tips, but she can also dive into relationships, sports, gaming, and other topics. Lives in New York with his wife and a cat.
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